Asian boom economic
SEOUL—Asian economies are emerging as clear winners in the race to a full recovery, aided by demand from Western shoppers and success in containing Covid , which has helped the region keep its factories humming. Other Asian economies are close behind China: Vietnam is expected to grow 1. But they also derive an especially large part of their growth from exports of manufactured goods to the rest of the world, especially the U. Asian economies are among the largest producers of laptops, communication equipment, TVs and other household goods that have experienced surges in demand as the pandemic forced people to stay home. Skip to Main Content Skip to Search. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services Dow Jones.
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‘The Zoom Boom’: Asia Leads the World in Covid-19 Economic Recovery
The Asian century is set to begin | Financial Times
It had seen its economy shrink during as lockdowns hit its manufacturing sector and consumer spending. The world's third biggest economy is now showing signs of recovery, although some analysts cautioned that further growth is likely to be modest. Asian economies are leading the way for a global economic recovery, in what some have called a "Zoom boom". This refers to the increase in demand for screens and laptops as more people work from home, and use online meeting platforms like Zoom. Asian economies are among the largest producers of laptops, communication equipment and other electronics. This turnaround is the fastest pace on record for Japanese economic growth.
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